Which Ivies do IBanks Recruit Most

Career Opportunities & Internships Investment Banking
1

<p>Just curious</p>

2

<p>Step 1:
<a href=“http://imageshack.us/photo/my-images/714/searcho.jpg/[/url]”>http://imageshack.us/photo/my-images/714/searcho.jpg/&lt;/a&gt;&lt;/p&gt;

<p>Step 2:
<a href=“http://imageshack.us/photo/my-images/545/searchresults.jpg/[/url]”>http://imageshack.us/photo/my-images/545/searchresults.jpg/&lt;/a&gt;&lt;/p&gt;

<p>Will save you the trouble asking this type of question again.</p>

<p>Let me know if you have trouble with any of the above steps. I know there’s a pretty steep learning curve.</p>

3

<p>Wharton and Harvard first, then everything else in an order that doesn’t really matter all that much.</p>

4

<p>Jeez, you are an angry elf…</p>

5

<p>ridgway doesn’t know *** he’s talking about</p>

6

<p>In my opinion this is hard to break down. Your question needs to be specified a tad more, such as: What Ivies do BB’s tend to recruit at more etc. Investment banks is a broad term and you can have say, 2-4 boutique firms that focus on one or two schools and leave others out of the mix. </p>

<p>I would definitely put Wharton at the top of the list for the mere fact that banks know graduates coming out of there want to go into I-Banking. I believe recruiting is strong if you attend Harvard, Dartmouth or Princeton. My brother graduated from Yale, and he said a lot of the students did not have an interest in banking, so banks that recruited there had to persuade a lot of people (this was 2004). The rest of the colleges should all stand on the same tier, as I know people from every Ivy that work in banking, PE, hedgefunds or consulting (yes, even Brown, which falls off my radar often for some reason). </p>

<p>All the information you get from this thread will be mostly opinions, mine included. The only real way to know it to call the college’s Career centers or talk with someone at all the Ivy schools to see which banks recruit on campus. </p>

<p>I believe that anyone of them should be fine for banking though, as long as you interview well and/or have some strong connections (which, in the end, is what is ultimately comes down to) you should be fine.</p>

7

<p>[Comprehensive</a> List of Target Schools | WallStreetOasis.com](<a href=“http://www.wallstreetoasis.com/forums/comprehensive-list-of-target-schools]Comprehensive”>Comprehensive List of Target Schools for Investment Banking | Wall Street Oasis)</p>

<p><a href=“http://talk.collegeconfidential.com/investment-banking/459445-best-undergraduate-college-investment-banking-hedge-funding.html[/url]”>http://talk.collegeconfidential.com/investment-banking/459445-best-undergraduate-college-investment-banking-hedge-funding.html&lt;/a&gt;&lt;/p&gt;

<p><a href=“http://talk.collegeconfidential.com/investment-banking/977935-top-target-schools-ib.html[/url]”>http://talk.collegeconfidential.com/investment-banking/977935-top-target-schools-ib.html&lt;/a&gt;&lt;/p&gt;

<p><a href=“http://talk.collegeconfidential.com/investment-banking/656754-target-schools-ib.html[/url]”>http://talk.collegeconfidential.com/investment-banking/656754-target-schools-ib.html&lt;/a&gt;&lt;/p&gt;

<p>Please tell me again I don’t know what I’m talking about. I didn’t feel the need to list them all out.</p>

8

<p>Yeah, I’m going to hop on the ridgway is uninformed train. I won’t call him/her an idiot – at least not yet.</p>

9

<p>Mmm…okay. Investment banks value diligence, intelligence, and professionalism in the students they recruit to work for them, which means that the obvious choices would be Ivy League institutions. The best students tend to be admitted to Ivy Leagues with higher selectivity, so Harvard, Yale, and Princeton would be obvious choices, with Columbia, Dartmouth, Brown, Penn, and Cornell following. However, the Wharton School at Penn offers a practical education in business where students are immersed in a professional setting and work with the necessary tools to develop the skillset that prepares them for work in the professional world, and many many Wharton students aspire to becoming investment bankers. Drawn by the promise of very smart students who already have the technical tools to find success in the field, BB banks and prestigious boutiques (like Lazard or Evercore) recruit actively on campus, in addition to hedge funds and PE firms. This is why Wharton qualifies as top tier. Harvard is famous for its student quality and it’s ridiculously low acceptance rates, which makes it a peer:</p>

<p>Tier I: Harvard, Penn (Wharton), somewhat Princeton and Yale (slightly lower than H and W but still Tier I)</p>

<p>This doesn’t mean that other schools are very far beneath these two - Princeton offers a finance certificate as well as the ORFE major, which are both suitable for placement in investment banks. Yale offers a math/econ major that combines the quantitative skills necessary for success in banking. Columbia offers financial economics as a major, and its convenient location in the City make it a target. Obviously, there are also schools like MIT, Stanford, CalTech, NYU, Chicago, etc. which are not in the Ivies that are on this level of performance.</p>

<p>Tier II: Columbia, Dartmouth, Penn (CAS), Cornell, Brown.</p>

<p>That covers all the Ivies. I have spoken to many industry professionals, read dozens of articles and books, and spoken to kids at a variety of different Ivy Leagues (no one at Dartmouth or Brown - not sure about their programs) and generally the consensus is that this list is accurate. However, it is important to note that this tier rating system doesn’t mean anything if you try hard enough and are qualified - at any Ivy League school you will have the academic credentials to show that you are intelligent enough for i-banking and recruiters will look more for signs of your professionalism and your career-qualifications (internships, crazy things on your resume) than what school you happened to come from. Even from non-target schools, although it’s harder to get your foot in the door, it is still very possible to get into i-banking if you are qualified and show enough interest. To put it shortly - if you are in an Ivy League this list is generally irrelevant. If you’re good enough and if you’ve done the right things you’ll get in.</p>

<p>Now if I’m wrong please tell me :)</p>

10

<p>^^
I just vomited a little bit in my mouth.
I think it’s a pretty safe bet to say that you are neither at any of these institutions nor have you worked a single day at an investment bank.</p>

<p>You’re giving the industry way too much credit and going about this the wrong way.
Also, what are these quantitative skills you speak of?
Learning stochastic calculus or even how to use and derive lagrange multiplers is hardly necessary, or even helpful for that matter.</p>

11

<p>I doubt Cornell is Tier II. A MD at a BB said Cornell is 2nd most represented behind Wharton for undergrads (yes I know I’m biased since I go to Cornell, but it’s what the MD said)</p>

12

<p>To misterpresident - your “MD” = BS</p>

<p>It may well be that there is an MD from some IB (obscure, small, foreign) that heavily recruits at Cornell but that is not the general practice.</p>

13

<p>I do want to add a bit more here. Investment Banking is complex and diverse. There are many different types of institutions and many vaired types of activities. For example, most people wouldn’t see a clear connection to a highly technical program such as MIT. Those people are uninformed. An equity derivatives group would be immediately drawn to such candidates. It goes on. Recruiting at the bachelor’s level has an entirely different focus than the same activities for MBAs. Moreover, there are some recruiting activities that are very close to collusion. Second tier IBs will target different (lesser) schools since they will not be competitive with the top tier institutions. Alternatively, they may target less attractive students at the top tier schools. The banks realize that they aren’t all going to fill their objectives if everyone pursues the same students. Students should take the same approach.</p>

14

<p>I’m just a messenger. Perhaps your kids can tell that to the MD’s face: “sorry bud I think your assessment is BS.” </p>

<p>p.s. My brother goes to a supposed “Tier I”, works full-time in M&A at a BB, and he said the same thing.</p>

15

<p>The people I’ve spoken to all say it’s Harvard and Wharton at top tier - there is much area for debate in this area though.</p>

<p>As for quantitative skills, it’s quantitative problem solving not hard conceptual mathematics. You need to be able to solve problems.</p>

<p>Overall this thread is rather pointless - no one cares what school you’re from if you’re smart, you network, and you do the right things. Learn your finance, get a great GPA, network, and do something that shows your competence, and when you get that internship really work at it. Everyone at Ivy League schools has a great shot at ibanking.</p>

16

<p>^^@Ridgway, I’m not sure why you think people care what your freshman year roommate and high school gym teacher have told you about investment banking. Regardless, your posts add less value than the fungus growing in between my mds toes. </p>

<p>Different banks recruit at a different set of schools.
For example:
JP Morgan’s targets for investment banking are:
Baruch, Cornell, Harvard, Stern, Boston college, Williams, Chicago, Yale and Princeton. </p>

<p>They do not recruit at Wharton undergrad, nor do they take very many people.
If your goal is to work at JPM in investment banking, you may in fact be better off going to Baruch than Wharton.</p>

<p><a href=“https://jpmorgan.tal.net/vx/lang-en-GB/appcentre-5/brand-6/candidate/jobboard/vacancy/6[/url]”>https://jpmorgan.tal.net/vx/lang-en-GB/appcentre-5/brand-6/candidate/jobboard/vacancy/6&lt;/a&gt;&lt;/p&gt;

<p>@englishjw
Though research and S&T technically fall under the investment banking umbrella, investment banking generally refers to the investment banking division. Equity derivatives is a part of S&T. The work done in investment banking (division) is by no means complex. (That is , unless you consider changing the font color on the footnote in slide 87 of your deck from navy blue to a slightly lighter shade of navy blue at 2 a.m. incredibly diverse and complex). </p>

<p>Also, I’m not sure why you think Misterpresident’s statement is BS. It could very well be the case. As a whole, Cornell is probably not the most represented but they have more than their fair share of people going to Goldman, MS and JPM.</p>

17

<p>I’m sorry angryelf. It’s certainly possible that my information is incorrect, just as it’s possible your information is also incorrect. I am uninformed with regards to JP Morgan - most of the people I’ve talked to work in Merrill or GS and attend schools like Wharton or Harvard, so obviously my opinion is biased.</p>

<p>Also I don’t see where you drew the conclusion JP Morgan doesn’t recruit/hire at Wharton? They seem to actively recruit there, at least with the stats I’ve seen about them.</p>

18

<p>@angryelf - At first, I didn’t know JP Morgan recruited at Baruch. Then at a mixer this past summer, I was introduced to two analyst who had just gotten hired out of Baruch. My jaw almost feel off my face. I had no idea they recruited there. When I talked to the guys, they said they had to do a great deal of networking (no surprise there).</p>

19

<p>@ridgway, did you look at the calendar I posted?
It the networking events listed are the schools they actively recruit at. If you click on them, it will tell you which divisions they are recruiting for. They may have resume drops and OCI at other schools, but they aren’t actively recruiting there and they are not a target. </p>

<p>The issue I have with your posts is not so much the accuracy of the info, but the fact that it is all either second hand info or pure conjecture. You don’t actually have any experience.
I’m not going to pretend like I know everything or that I’m anywhere near 100% correct. I do however have personal experience I can share.
Perhaps I’m alone in thinking this, but I think it’d be better for you to hold off from giving advice until you’ve at least gone through the recruitment process and have a few internships under your belt. </p>

<p>Also, targets are constantly changing. Wharton may have previously been a target. At one of my pre-super day dinners (CS) , one of the VPs mentioned that Columbia used to be one of their top targets but due to less than favorable recent experiences with recent Columbia grads, they were scaling back their recruitment there. </p>

<p>@sheaosauraus, I was surprised to see people from Baruch in my summer analyst class as well. The people from there were absolute rockstars (3.9+ gpa, off cycle internships during the school year, leadership positions,…) though.</p>

20

<p>Angryelf, *** are you talking about? JPM just finished up FT recruiting at Dartmouth (a school that isn’t on that calendar), and one of my best friends, a Wharton senior, is currently interviewing with JPM</p>